Popular British clothing brand Topshop has been placed into voluntary administration in Australia after trying to restructure its business in the country.
Administrators were appointed on Wednesday after falling sales and mounting losses.
Aministrator James Stewart said in an official statement from Ferrier Hodgson, that Topshop/Topman would continue to operate in the meantime.
"Topshop/Topman is one of the world's best known fast fashion retailers operating nine stand-alone stores, 17 Myer concessions and an online business in Australia," Stewart said.
"It will be business as usual as Administrators work with UK owners of the Topshop/Topman brand on supporting the business...to a stable platform going forward."